The Nifty opened at 9179.10, and rose to an intraday high of 9183.65, but bears pulled the index lower towards 9088, which was Friday’s intraday low.
The Nifty opened at 9179.10, and rose to an intraday high of 9183.65, but bears pulled the index lower towards 9088, which was Friday’s intraday low.
Benchmark index Nifty50 was down 0.4%, while the 30-share Sensex was down 0.7% through the week ended on Friday.
Nifty50 index closed in red in 4 out of 5 trading sessions this week, which suggests consolidation, and it looks like the index is gearing up for a big move.
If we look at the stock specific front, which disappointed the investors in this week ended on Friday, Sun Pharma was down 7.6%, ICICI Bank was down 4.9%, YES Bank was down 4.8%, Coal India was down 4.7%, Axis Bank was down 4.2%, Aurobindo Pharma was down 3.8%, Bosch was down 3.6% and SBI was down 3.3%.
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